December 9th, 2022 – (BMV: AGUA*) Rotoplas hosted its investor day yesterday, where top management shared an update of their business and sustainability strategy results and targets. The key messages for the ESG strategy in the event were:
- ESG 2022 Results: Rotoplas managed to deliver important progress on all three ESG pillars this year, including that:
- Recycled resins amount now to 14% of all resins used, a 25% increase versus last year.
- The CO2 intensity reduction target per ton of processed resin was exceeded (at June 2022).
- The number of cubic meters of delivered purified water goal was surpassed through solutions like bebbia (which also decreases the use of plastic water bottles).
- Continuous commitment to strengthen its D&I agenda was shown.
- A robust governance system for key sustainability issues was developed with a renewed Sustainability Committee structure. Furthermore, in September it was announced that the Group’s Sustainability area would be the joint responsibility of the CFO and the Sustainability & Human Capital VP.
- ESG 2025 Target Progress: Rotoplas also gave an update on its progress on the targets it launched last year aligned with its 2025 Sustainability Strategy, including:
- Evaluate 100% of suppliers under ESG criteria. 21% of suppliers were evaluated during 2022.
- Aligned with SBTi to formally plan and execute Rotoplas’s carbon neutrality goal set for 2040, comprising scope 1 and 2 emissions. The inclusion of scope 3 emissions will come in the medium term.
- Increase participation of women in the team to 30%. It currently stands at 24.2%.
Miranda ESG applauds the company’s ability to show progress on its sustainability targets and strategy, and looks forward to seeing how Rotoplas progresses in its ESG efforts in the short and medium term.
Miranda Newswire – Download full press release and report
ESG Contact Details
Marimar Torreblanca, CFA, CEO
marimar.torreblanca@miranda-newswire.com